The Blaze: 50 Facts About The U.S. Economy That Will Shock You

December 18, 2011



“Even though most Americans have become very frustrated with this economy, the reality is that the vast majority of them still have no idea just how bad our economic decline has been or how much trouble we are going to be in if we don’t make dramatic changes immediately,” writes The Economic Collapse (TEC).


For those unfamiliar with this site, TEC is an economic blog that regularly compiles a comprehensive list of the most startling and unsettling facts about the U.S. economy.


Why? Because Americans need to understand that America’s economy is precariously balanced on the edge of full-blown collapse.


“If we do not educate the American people about how deathly ill the U.S. economy has become, then they will just keep falling for the same old lies that our politicians keep telling them. Just ‘tweaking’ things here and there is not going to fix this economy,” the site explains.


Indeed, America’s economic situation has become increasingly unstable. However, what’s arguably more disconcerting than the state of the U.S. economy is the fact many Americans are largely–if not completely–unaware of just how serious things have become.



“America is consuming far more wealth than it is producing and our debt is absolutely exploding,” TEC explains. “If we stay on this current path, an economic collapse is inevitable. Hopefully the crazy economic numbers from 2011 that I have included in this article will be shocking enough to wake some people up.”


It might behoove Blaze readers to share the facts listed below with family and friends.


“If we all work together, hopefully we can get millions of people to wake up and realize that ‘business as usual’ will result in a national economic apocalypse,” writes TEC.


Here are the 50 economic numbers from 2011 that will shock you (via The Economic Collapse):


1. A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty.


2. Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished.


3. If the number of Americans that “wanted jobs” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would be up to 11 percent.


4. The average amount of time that a worker stays unemployed in the United States is now over 40 weeks.


5. One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers.


6. There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.


7. Since December 2007, median household income in the United States has declined by a total of 6.8 percent once you account for inflation.


8. According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million.


CONTINUED: 
http://www.theblaze.com/stories/50-facts-about-the-u-s-economy-that-will-shock-you/